28th May 2015 09:03
LONDON (Alliance News) - English sparkling wine maker Gusbourne PLC Thursday said it intends to raise GBP3.57 million via an open offer of 7.1 million shares at 50 pence each, with an entitlement of two new shares for every five existing shares.
Gusbourne said that its controlling shareholder, Lord Ashcroft, will participate in the open offer to maintain his beneficial interest at 64.4% of the enlarged share capital, and that all directors in the company intend to take up their respective entitlements in full.
Gusbourne added that current trading is in line with expectations and that development plans remain on course.
Shares in Gusbourne were untraded on Thursday, last trading at 70.00 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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